Cheque Bounce Lawyer In Thane
The main task of Cheque Bounce Lawyer In Thane is to file complaints related to any cheque bounces and bring justice to their clients. Cheques are negotiable instruments, which are used as a mode of payment in many dealings, whether the amount is small or big. From loan payments to new purchases, bills, Salaries, fees, installments, and many other payments are made by cheques on a larger scale. To paycheque, one must have a balance in their accounts, and if they lack funds equal to the written amount on cheques, then that cheque is returned by banks stating as bounced cheque. Cheque bounce has become quite a regular act nowadays.
What are the reasons behind cheque bounce?
There could be any reason for cheque bouncing, like for which you will require Cheque Bounce Lawyer In Thane.
Insufficient balance
Insufficient balance in Accounts is the primary reason for bouncing cheques. Most of the time, the person who authorises the cheques is not aware of the balance in accounts before signing cheques, resulting in the Payee submitting it to the banks and getting the bounced cheque memo.
Many illegal workers have become a practice to give cheques for overdue payments despite being aware of their low bank balance.
Contradiction in signatures
Sometimes, the signature on cheques does not match a drawer’s signature in bank records, which causes the cheque to be dishonoured.
Wrong Dates on Cheque
Dates play an equally important role in the issuance of cheques. If the mentioned date is wrong or not written correctly, the banks do not approve the cheque, and it is returned to the Payee.
Mismatched Amounts written in words and numbers
It is utterly important to check twice whether the amount mentioned on the cheque in words is similar to the amount mentioned in numbers on the cheque as the slightest difference between them can cause the cheque to bounce and return.
Overwriting
Overwriting on cheques can also result in bouncing the cheque. No correction, scribbling or overwriting is acceptable by banks. Cheque Bounce Lawyer In Thane will suggest you issue the fresh cheques in such a matter and do not receive any cheques with any mistakes on them.
Damaged Cheques
If the cheques are damaged, spoiled for any reasons, are not accepted by banks and can be declared as dishonoured cheques. Make sure when you issue any cheque or receive any cheque, they are intact and acceptable.
A Cheque Bounce Lawyer in Thane will help you in such cases and can be searched on the internet for their details and credentials.
When can we take legal actions in case of cheque bounce?
After the cheque is bounced or dishonoured, the bank issues’ Memo of Cheque Return‘ with the statement of non-payment to the Payee. The Payee can submit the cheque again in three months if he believes it will be issued this time. But if the cheque fails again due to non-payment from the cheque drawer, Payee can take legal actions against the cheque issuer with the help of Cheque Bounce Lawyer In Thane.
A lawyer from Legal Act can offer the best service if they get every bit of information about your case and can solve your issue right away.